NDRC: Re­vised in­vest­ment list ready this year

China Daily (Canada) - - BUSINESS - By ZHENG YANGPENG zhengyang­peng@chi­nadaily.com.cn

The govern­ment will bring for­ward the re­vi­sion of a key in­vest­ment ap­proval cat­a­log, a move that will lower bar­ri­ers to cor­po­rate in­vest­ment, a se­nior of­fi­cial said on Thurs­day.

Li Pu­min, sec­re­tary-gen­eral of the Na­tional De­vel­op­ment and Re­form Com­mis­sion, the top eco­nomic plan­ner, told re­porters that the doc­u­ment — which spec­i­fies what kind of in­vest­ment projects re­quire govern­ment ap­proval— was orig­i­nally in­tended to be com­pleted in 2015. Now, it will be fin­ished this year. Of­fi­cials and an­a­lysts said the move is part of a broad cam­paign un­der Pre­mier Li Ke­qiang to stream­line ad­min­is­tra­tive ap­proval pro­ce­dure­sand­give themar­ket more au­ton­omy.

The cur­rent in­vest­ment ap­proval cat­a­log was re­leased last De­cem­ber by the State Coun­cil, the cab­i­net. The cat­a­log cov­ers only 13 sec­tors, but these af­fect vir­tu­ally ev­ery in­dus­try from agri­cul­ture to en­ergy, in­for­ma­tion tech­nol­ogy, trans­porta­tion and for­eign in­vest­ment.

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